Question

A new car is purchased for 23700 dollars.the value o the car depreciates at 13.5% per year what will be the value of the car be,to the nearest cent,after 10 years

Answer 1

it will be 31,995 but we have to estimate yo the nearest cent so 10 cents

Answer 2

Explanation:

let the price of the car be $ 23 700

The depreciation will be 13.5 % per year

Thus, the car will depreciate at a rate of :

`(13.5)/(100) * 23700\\ = 3199.5`

After 10 years, the car will be: = $ 23 700 - (10× $ 3199.50)

= - $ 4 695